Features

iLoan personal loans offer competitive fixed rates, no prepayment fees, and loan amounts ranging from $2,550 to $25,000. Its online application only takes five minutes to complete and funds can be available within 24 hours.

iLoan is a brand used by Springleaf Financial Services. Springleaf was founded in 1920 and is still based in Evansville, Indiana, where they opened their first branch in 1930. It now has over 1,800 branches in 44 states.

How Does iLoans Work?

iLoans provides unsecured personal loans for a wide range of purposes, including auto loans, vacations or debt consolidation. It targets borrowers with fair to good credit who don't qualify for the prime rates offered by traditional and peer-to-peer lenders. If approved, funds are deposited directly into your bank account.

How Much Money Can I Borrow from iLoans?

Personal loans range from $2,550 to $25,000. Loan terms vary from 2-5 years.

What Are iLoan's Rates and Fees?

Rates range from 11.24% APR to 36% APR based on your credit profile.

What Does iLoan's Application Process Like?

iLoan's application process takes five minutes to complete and funds can be deposited within 24 hours. There are no application fees and no prepayment penalties.

How Are iLoan's Personal Loans Better Than Others?

iLoan offers fast loans with reasonable rates and is an option for people with less than perfect credit. Its rates are on par with most credit cards, it provides a viable option for borrowers with fair to good credit looking for a 2-5 year loan.

Loan Amount

$2550 - $25000

Payment Options

Automatic Payments

Check by mail

APR

11.24% - 36%

Max Loan Term (Months)

60

Checking Account Required?

Credit Score Range

540 - 640

Immigration Status Considered

U.S. Permanent Resident

Military Status

Active Duty Military and Dependents

Non-Military

Minimum Age

18

Supported Income Types

Verification Documents Required?

Recent pay stubs

Driver license (or other photo ID)

Proof of citizenship/residence

No Prepayment Fee

Origination Fee

Up to 5%

Institution Type

Direct Lender

Approval Speed (Hours)

24

Funding Time

1-7 days

Credit Bureau Reporting

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Reviews

Most of my account was handled via the website which is very easy to use almost simple. The few calls I had for follow up were handled by professional individuals who were both polite and helpful. something that is lacking in most business dealings these days. I give them 5 full stars and would recommend them to anyone without hesitation!

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